XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Earnings per Share | 3 Months Ended
--- | ---
Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings per Share | Note 15 - Earnings per Share Prior to the preferred stock conversion, we calculated basic and diluted earnings per common share (“EPS”) pursuant to the two-class method. The two-class method is an earnings allocation formula that determines EPS for common stock and participating securities according to dividend and participation rights in undistributed earnings. Under this method, all earnings, distributed and undistributed, are allocated to common shares and participating securities based on their respective rights to receive dividends. Dilutive potential common shares include outstanding stock options, unvested restricted share units and convertible preferred stock. As noted above in Note 14, no shares of the Series A Preferred Stock remain outstanding and all rights of the holders to receive future dividends have been terminated as of the December 18, 2023 conversion date. The following table summarizes the computation of basic and diluted EPS and the anti-dilutive shares excluded:
| Three Months Ended |  |
| December 31, |  |
| 2024 |  | 2023 |  |  |  |
Basic earnings per common share: |  |  |  |  |  |  |
Net income | $ | 22,153 |  |  | $ | 10,389 |  |  |  |  |
Less: Preferred stock dividend declared | — |  |  | (1,097) |  |  |  |  |
Net income available for distribution | 22,153 |  |  | 9,292 |  |  |  |  |
Income allocated to participating securities | — |  |  | (2,855) |  |  |  |  |
Net income available to common shareholders | $ | 22,153 |  |  | $ | 6,437 |  |  |  |  |
Weighted average basic shares outstanding | 53,987 |  |  | 36,434 |  |  |  |  |
Basic income per share | $ | 0.41 |  |  | $ | 0.18 |  |  |  |  |
Diluted earnings per common share: |  |  |  |  |  |  |
Net income available to common shareholders | $ | 22,153 |  |  | $ | 6,437 |  |  |  |  |
Weighted average basic shares outstanding | 53,987 |  |  | 36,434 |  |  |  |  |
Dilutive effect related to employee stock plans | 1,419 |  |  | 1,005 |  |  |  |  |
Weighted average diluted shares outstanding | 55,406 |  |  | 37,439 |  |  |  |  |
Diluted income per common share | $ | 0.40 |  |  | $ | 0.17 |  |  |  |  |
Anti-dilutive shares excluded: |  |  |  |  |  |  |
Outstanding stock-based grants | 111 |  |  | 166 |  |  |  |  |
Total anti-dilutive shares excluded | 111 |  |  | 166 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration